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SAMCODES


The SAMCODES, the South African Mineral Reporting Codes, set out the minimum standards, recommendations and guidelines for the Public Reporting of mineral related issues in South Africa. They currently comprise three Codes, two Guideline documents and an affiliated National Standard:

a. SAMREC: The South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves
b. SAMVAL: The South African Code for the Reporting of Mineral Asset Valuation
c. SAMOG: The South African Code for the Reporting of Oil and Gas Resources
d. Commodity, or subject, specific guidelines/standards:
i. SAMESG Guideline: The South African Guideline for the Reporting of Environmental, Social and Governance parameters within the mining and oil and gas industries
ii. SAMREC Diamond Guidelines: SAMREC Guideline Document for the Reporting of Diamond Exploration Results, Diamond Resources and Diamond Reserves (and other Gemstones, where Relevant)

uth African Bureau of Standards.

The SAMCODES have wide application throughout the extractive industries. Attracting finance for exploration and mining ventures is a critical part of the resource business environment today, and there are a number of finance options available, including accessing private equity. With the increase in the number of non-listed (private) companies and individuals seeking to obtain financial assistance, it is important to appreciate that issues of public reporting are not confined to listed companies only.
Their use is not limited, however, to investors – financial and legal documents can benefit from internationally standardised principles and terminology such as Mineral Resource, Mineral Reserve, Feasibility Study and Valuation. Also, social, environmental and governance matters (Sustainability Reports) can be issued according to a consistent set of standards.
Interested and affected parties, in whatever shape or form, have a right to the highest standards of documentation and, if they wish, can request that such be prepared by “Competent Persons or Competent Valuators” in accordance with the relevant SAMCODE. In fact, all practitioners providing geoscientific reports are required to be registered with a professional and/or statutory body which requires that anything they produce to be in harmony with SAMCODES principles. Under all circumstances, if Exploration Results, Mineral Resources and/or Mineral Reserves are reported publically (as defined in the SAMREC Code of 2016), and if said report is claimed to have been compiled in accordance with any of the SAMREC, SAMVAL or SAMOG Codes, then the report and the author are subject to the minimum standards and requirements of the relevant Code as well as the complaints procedure of the SAMCODE Standards Committee (SSC).

The 2016 version of the SAMCODES was released in May and are applicable immediately (JSE-listed company documents, however, are only required to be compiled in accordance with the new codes from 1 January, 2017). The Codes can be downloaded freely at www.samcodes.co.za and further information can also be obtained regarding the SAMCODES Standards Committee (SSC), training schedules, complaints procedure as well as other relevant news items and applicable links.

 

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9 December 2016

The Council for Geoscience (CGS) is the custodian of South Africa's geoscience data. According to the Geoscience Act (Act 100 of 1993), the CGS is mandated to collect and curate all geoscience data and knowledge in the South African National Geoscience Repository, promote research and the extension of knowledge in the field of geoscience and render specialized geoscientific services to enable informed and scientifically sound decisions on the use of the earth’s surface and resources within the territory of South Africa.

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The Council for Geoscience Field School celebrated its ten year anniversary with the successful completion of the 2015 field mapping training programme. The growth and transformation of the field school programme over the decade has been significant. Initially, the field school was designed as a two-year programme linked to the Annual Technical Programme targeting mostly recently employed geoscientists. These scientists would spend their time at the Limpopo regional office benefitting educationally from the vast economic mineral deposits of the province (for example gold, platinum and copper) and the highly complex, high-grade tectonometamorphic terrane, the Limpopo Belt. During this time, the field school participants would work on map compilations and the writing of complementary map explanations. This work was undertaken in addition to courses on microscopy, GIS and 4x4 driving, all of which would provide the participants with the vital knowledge and skills needed to ensure a successful start to their careers.

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